Taxes
What Documents Do I Need to File My Taxes?
Key Takeaways Gathering your SSN or ITIN, prior-year tax return, and all income documents before filing helps reduce errors, delays,...
What are “Above-the-Line” Deductions? | Optima Tax Relief
Key Takeaways Above-the-line deductions reduce your income before Adjusted Gross Income (AGI) is calculated, directly lowering taxable income and potentially...
Gold as 3rd Largest Asset Class? — My Money Blog
A market-capitalization weighted portfolio is one where assets are held in proportion to their total market value (share price *...
How to Respond to IRS Notice CP2000
Key Takeaways IRS Notice CP2000 is not an audit or a bill, it is a proposed adjustment based on income mismatches between...
What are Qualified Charitable Distributions?
Key Takeaways Qualified Charitable Distributions (QCDs) allow direct IRA-to-charity transfers that reduce taxable income without requiring itemized deductions. In 2026, QCDs...
Higher Balance Requirements for Credit Card Boosts + New Monthly Credits (Effective May 2026) — My Money Blog
Bank of America has a press release that their “Preferred Rewards” program is changing to “BofA Rewards” on May 27,...
How AI Is Changing Tax Compliance and Enforcement
Key Takeaways AI in tax compliance is already here; tax authorities use it to review returns, select audits, detect fraud,...
MMB Ultimate Interest Rate Chaser Calculator (Fixed/Updated 2026) — My Money Blog
First made 20 years ago, last updated in 2026! Zero AI used! Thinking about moving your cash to a different...
Roth IRA Penalties: What Are They & How Do I Avoid Them?
Key Takeaways Roth IRA penalties can include a 10% early withdrawal penalty and income taxes if you take out earnings...
Selling your business? Don’t let sales tax derail the deal
When founders begin thinking about selling their business, the focus is usually on valuation, growth, and finding the right buyer....
Taxes on Inherited Accounts | Optima Tax Relief
Key Takeaways: Most inherited retirement accounts are taxable. Distributions from traditional IRAs and 401(k)s are taxed as ordinary income, while...
Bank Accounts, Treasury Bills, Money Markets, ETFs – February 2026 — My Money Blog
Here’s my monthly survey of the best interest rates on cash as of February 2026, roughly sorted from shortest to...
